A high source confirmed it to Ámbito. The arrival of dollars will be key to releasing the exchange rate. It also hopes to close the agreement with the IMF in the first days of March.
The government of Javier Milei One of its goals for 2025 is to finish dismantling the exchange rate that keeps the flow of dollars under control. With this objective, it is advancing an agreement with banks, which it has been negotiating since the middle of last year, through which it will obtain funds that will allow it to reinforce reserves. In addition, it continues to work with the International Monetary Fund (IMF) on the new plan. The news, they hope at Casa Rosada, will be closed for the first months of the year.
Scope was able to confirm the information despite the silence of official voices. The source assured that the agreement with the banks “it’s close”. “Today the situation is a little different given the accumulation of reserves that were obtained,” he explained regarding the repo (repurchase agreement) that has been strictly negotiated since June 2024 and that was even publicly confirmed by the President.
The amount is still uncertain. Although If the objective is to reinforce the reserves to get out of the exchange rate, it must be remembered that different people responsible for economic management pointed out that around US$15,000 million would be needed. The smallest part, perhaps around US$3 billion, could come from the banks, and the rest from the IMF.
In exchange for the repo, the Government would deliver bonds to the banks. That is why the notable drop in country risk in recent weeks put the economic team in a more comfortable position to negotiate.
JAVIER MILEI KRISTALINA GEORGIEVA G20.jpeg
Presidency
This medium was able to learn that the conversations with the international organization led by Kristalina Georgieva for a new agreement are about to conclude and could be announced in the first days of March. The negotiations had an impasse in the last 15 days due to the holidays, but they are very advanced. Argentina was left in a position against the Fund thanks to the accumulation of international reserves, and the agreement with the banks would be a new boost.
In terms of goal setting, Argentina is comfortable. Due to the adjustment carried out by the Milei management, and which will remain firm in 2025, plus the significant drop in inflation and the fiscal surplus horizon, the Government would have no problem meeting the IMF’s requirements.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
